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French banks & potential Greek default
Started Jul 25, 2011|Trading Discussion|14 repliesFrench banks are holders of most of the Greek debt, so i was wondering if Greek would default ...
Didn't even reach it, 4300 was highest, it's a very strong momentum down.
Nice move, but although PA is now on support i think it still has more room for fall.
PA reacted to these trendlines (in confluence with S), but if it ranges to much around them without clear rejection, that could be a sign for a break down. image
Thanx, appreciate the answer, i know from eur thread that you're good at fundamentals which i totally lack of......and when is money on the line never enough caution.
I'm with Societe Generale, the bank is big, but also it is very exposed to Greek's debt, it holds over $ 6 billion in Greek bonds, so not sure what's gonna happen with it if Greek defaults.
French banks are holders of most of the Greek debt, so i was wondering if Greek would default ...
What if US would default (that is not impossible anymore), is money with broker based in US safe, could it be freezed or something?
That was a triangle compression, not wedge. And we are in triangle again (m5).
For bears to take place we need a break of 3948. Otherwise we're heading to 4046/60.